“Azcarie" is the only producer of an exquisite champagne brand in the market. The materials needed to craft this product are only accessible to its owners, the Azcaria family. a.

(5 points) Which market structure is now most similar to the Azcarie'scase? Explain. b. (5 points) You, a very important economist, are aware of the fact that information about the Marginal Revenue and the Marginal Cost of Azcarie is crucial. Explain why. c. (10 points) Here is some information from Azcarie's accountant and market intelligence unit. Some of it was blurry and you need to clarify the title of two columns. Also, since that person did not calculate the marginal cost and revenue of Azcarie, there is two empty columns for you to do it. Name the columns and fill up the empty boxes with the needed calculations. d. (6 points) Approximately, which one is the break-even price point of Azcarie and how many quantities would the company produce at that price level? e. (6 points) Select the quantity that Azcarie should be producing in the current market conditions to maximize its profit. f. (7 points) The CEO of Azcarie look somehow surprised that the quantity you proposed to maximize profit is different than the one in the previous g. (7 points) The CEO seems to not understand what you just said (it looks like you are better with numbers than with open questions). In order to support your argument, calculate the profit level of Azcarie if they decided to produce at the profit maximization point and compare it with the profit at the break-even point. h. (7 points) The CEO finally understood. Now he have to convince the executive board. Make a graph he could bring showing the break-even point, the profit-maximizing quantity and price as well as the profit box of Azcaria i. (7 points) After a while and as part of his pro social behaviour, the CEO decided to share the resources needed to make the drink to anyone who'd like to produce the same kind of champagne. What do you think is going to happen with the price in the long term after Mr Azcar's decision?Explain.